I am the registered owner of a freehold house in Axmouth and Branscombe but nevertheless pay rent, why is this and what is this?
It is rare for properties in Axmouth and Branscombe and has limited impact for conveyancing in Axmouth and Branscombe but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I am purchasing a terraced house in Axmouth and Branscombe. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Axmouth and Branscombe you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Axmouth and Branscombe.
How does conveyancing in Axmouth and Branscombe differ for newly converted properties?
Most buyers of new build premises in Axmouth and Branscombe contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Axmouth and Branscombe typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Axmouth and Branscombe or who has acted in the same development.
What makes your site different to other online quote calculators for conveyancing in Axmouth and Branscombe?
At this site obtain a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Axmouth and Branscombe. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you select them for your property ownership legalities in Axmouth and Branscombe
In my capacity as executor for the will of my aunt I am disposing of a residence in Cardiff but I am based in Axmouth and Branscombe. My lawyer (who is 250 miles from mehas requested that I sign a stat dec before completion. Could you suggest a conveyancing lawyer in Axmouth and Branscombe to attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Axmouth and Branscombe based
I have just started marketing my garden flat in Axmouth and Branscombe. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual as all ground rent and service charges should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a leasehold flat in Axmouth and Branscombe, conveyancing was carried out in 2012. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Axmouth and Branscombe with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease runs out on 21st October 2082
You have 57 years remaining on your lease we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.